24. Clemson Software is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by the straight-line method over 3 years. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's Year 1 cash flow? * Equipment cost Straight-line depreciation rate Sales revenues, each year Operating costs (excl. deprec.) Tax rate $65,000 33.333% $60,000 $25,000 35.0% a. $28,115 O b. $28,836 O c. $29,575 O d. $30,333 O e. None of the above